Ann: Quarterly Activities Report and Appendix 4C, page-145

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Some things are not always black or white, even in the field of accounting. If we just park the textbook guidelines for a minute and look at what motive would the Company have, in such an instance ( Receipts from Pre-Orders), to deviate from normal accounting disclosure method.

Recording the Receipt in the month/ Qtr you receive it would disproportionally inflate the Company’s net cash balance if you did not have a corresponding cash outflow for manufacturing in that month / quarter. For established / mature businesses, you can justify on the basis that ‘swings and roundabouts’ occur in the normal course of business, but not for a new business. If , in following conventional cash flow reporting, you present a skewed and distorted picture to your external stakeholders (investors, shareholders, banks etc) for the entire period between inflow and outflow, you may consider alternative ways to project the numbers. The Indiegogo campaign was at the extreme end of the spectrum ...first receipts April 2016 and manufacture and shipping some 10 to 12 months later.

I suspect the motive re deferring Boost receipts is the same. The relevance of consistency !

We will await the official confirmation from Pokermoe. Then we can put this to bed.

Rokewa